Virtu Financial LLC Takes $112,000 Position in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO)

Virtu Financial LLC bought a new stake in BNY Mellon Strategic Municipals, Inc. (NYSE:LEO) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 18,563 shares of the investment management company’s stock, valued at approximately $112,000.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in shares of BNY Mellon Strategic Municipals by 38.2% during the 4th quarter. HighTower Advisors LLC now owns 85,250 shares of the investment management company’s stock valued at $515,000 after buying an additional 23,557 shares in the last quarter. Independent Advisor Alliance acquired a new stake in shares of BNY Mellon Strategic Municipals in the fourth quarter valued at about $127,000. PNC Financial Services Group Inc. increased its stake in shares of BNY Mellon Strategic Municipals by 1,100.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,003 shares of the investment management company’s stock worth $72,000 after purchasing an additional 11,003 shares in the last quarter. Novus Advisors LLC acquired a new position in shares of BNY Mellon Strategic Municipals during the 4th quarter worth about $144,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in BNY Mellon Strategic Municipals by 45.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 136,150 shares of the investment management company’s stock valued at $822,000 after buying an additional 42,810 shares in the last quarter.

BNY Mellon Strategic Municipals Trading Up 0.2 %

LEO stock opened at $6.12 on Monday. The business’s 50-day moving average is $6.19 and its 200 day moving average is $6.27. BNY Mellon Strategic Municipals, Inc. has a 12-month low of $5.79 and a 12-month high of $6.64.

BNY Mellon Strategic Municipals Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.019 dividend. This represents a $0.23 annualized dividend and a yield of 3.73%. The ex-dividend date is Friday, March 14th.

BNY Mellon Strategic Municipals Profile

BNY Mellon Strategic Municipals, Inc is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal bonds, the income from which is exempt from federal income tax.